Note 4 - Cash

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Cash, Cash Equivalents, and Short-term Investments [Text Block]

4

. CASH

Cash held by foreign subsidiaries amounted to

$7.1

million and

$8.9

million at

June 30, 2020

and

June 30, 2019,

respectively. Of the

June 30, 2020

balance,

$4.6

million in U.S. dollar equivalents was held in British Pounds Sterling and

$0.7

million in U.S. dollar equivalents was held in Brazilian Reals. Of the

June 30, 2019

balance,

$4.3

 million in U.S. dollar equivalents was held in British Pounds Sterling and

$2.6

million in U.S. dollar equivalents was held in Brazilian Reals.

The Company plans to permanently reinvest cash held in foreign subsidiaries. Cash held in foreign subsidiaries is

not

available for use in the U.S. without the likely incurrence of U.S. federal and state income and withholding tax consequences.